Oklo Inc. (OKLO) Fundamental Analysis
Oklo Inc. is a pre-revenue, development-stage company, read through cash on hand and quarterly burn rather than revenue growth or margins, sourced directly from its SEC filings. Its losses to date reflect pre-commercial development and buildout spending, funded largely from cash on its balance sheet rather than from operations. Cash generation is currently a watch item and warrants close attention. The latest filing shows a mixed picture across the four dimensions.
Beat Index assesses Oklo Inc. across sixteen analysis tabs, spanning revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q/A reads strongest on balance-sheet strength while flagging cash generation for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveBalance Sheet: Strong cash position
- WatchNothing flagged to watch next quarter.
- ConcernCash Generation: Cash burn (negative OCF)
Trend matrix, last 4 quarters
| Dimension | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Growth | Pre-revenue | Pre-revenue | Pre-revenue | Pre-revenue |
| Profitability | Pre-revenue | Pre-revenue | Pre-revenue | Pre-revenue |
| Cash Generation | Cash burn (negative OCF) | Cash burn (negative OCF) | Cash burn (negative OCF) | Cash burn (negative OCF) |
| Balance Sheet | Strong cash position | Strong cash position | Strong cash position | Strong cash position |
Oklo Inc. is pre-revenue (development stage): it reports no revenue yet, so growth and profitability read n/a. This card focuses on cash and cash burn from its SEC filings. At the trailing average burn, reported cash covers roughly 42 more quarters (about 10.4 years).
Quarterly financials
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Cash & equivalents | $1.59B | $788.4M | $410.0M | $226.8M | $90.1M |
| Net income | -$33.1M | -$41.4M | -$29.7M | -$24.7M | -$9.8M |
| Operating cash flow | -$17.9M | -$33.4M | -$18.0M | -$18.5M | -$12.2M |
| Free cash flow | -$50.7M | -$60.4M | -$23.1M | -$19.3M | -$12.6M |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Sixteen analysis tabs, all sourced from SEC filings, no estimates.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation and enterprise multiples.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.